Federal Agent Owens Had Conducted a 2-Year Investigation of a Store

question 11

Multiple Choice

Federal Agent Owens had conducted a 2-year investigation of a store run by Paul that was believed to be involved in money laundering for an organized crime operation. Agent Owens obtained a court order for Paul's phone records and discovered that he frequently called Ron's cell phone. Ron's personal bank records showed that Paul's store transferred $100,000 to his account by wire on the first of each month. Agent Owens has filed an application for a Wiretap Act warrant to monitor Paul's store phone. The application for the warrant should be:

• A) granted because organized crime is involved.
• B) granted because of the length of the investigation.
• C) denied because there is no showing that other investigative techniques will not work.
• D) denied because there is currently no danger to life.

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Definitions:

Quantity Demanded

Refers to the total amount of a good or service that consumers are willing and able to purchase at a given price level in a specified time period.

Price-elasticity of Demand Coefficient

measures how much the quantity demanded of a good responds to a change in the price of that good, calculated as the percentage change in quantity demanded divided by the percentage change in price.

Absolute Value

A number's distance from zero on a number line, without considering its direction; essentially, it is the non-negative value of a number.

Midpoint Formula

A method used in economics to calculate the elasticity of a variable, such as demand, by averaging the initial and final values.